Wall Street hits six-month low as Trump ‘appears to lose his grip on markets’ – business live

The US stock market has dropped to its lowest level since last September, as analysts warn that president Trump may be losing his grip on the markets.The S&P 500 index has dropped by 0.8% today to 6,425 points, adding to Thursday’s 1.75% fall on the benchmark US stock market index.The tech-focused Nasdaq index is down 1%, also at a six-month low

Ministers should ‘start doing stuff’ to help farmers and cut fuel costs, says Asda boss

Asda’s executive chair has called on the government to “stand up and start doing stuff” to support farmers and ease the price of fuel as he warned that food prices would inevitably rise as a result of the conflict in the Middle East.Allan Leighton said farmers were under pressure but the supermarket had so far received “a trickle of requests not an avalanche” of cost price increases from its suppliers, as they were under pressure from higher fertiliser, energy and fuel costs.“I do believe it will create inflation,” he said, adding that the pace of cost increases was volatile and quite different across the various commodities.Leighton also warned of “temporary shortages’” at petrol stations, as supplies are squeezed by the conflict in the Middle East, with the RAC reporting on Friday that the average price of unleaded petrol in the UK had risen to 150p a litre.Leighton accused the government of benefiting from £3bn of income from fuel duties as prices rose and said it should ease these duties or support farmers on energy or other costs

Wikipedia bans AI-generated content in its online encyclopedia

Wikipedia has banned the use of artificial intelligence in the generation or rewriting of content for its voluminous online encyclopedia.In a recent policy change, Wikipedia said that the use of large language models (or LLMs) “often violates” its core principles and will not be allowed. The English language version of Wikipedia has more than 7.1m articles.The use of AI has been a contentious issue among Wikipedia’s community of volunteer editors but a vote among the site’s editors supported the ban, according to 404 Media

Number of AI chatbots ignoring human instructions increasing, study says

AI models that lie and cheat appear to be growing in number with reports of deceptive scheming surging in the last six months, a study into the technology has found.AI chatbots and agents disregarded direct instructions, evaded safeguards and deceived humans and other AI, according to research funded by the UK government-funded AI Safety Institute (AISI). The study, shared with the Guardian, identified nearly 700 real-world cases of AI scheming and charted a five-fold rise in misbehaviour between October and March, with some AI models destroying emails and other files without permission.The snapshot of scheming by AI agents “in the wild”, as opposed to in laboratory conditions, has sparked fresh calls for international monitoring of the increasingly capable models and come as Silicon Valley companies aggressively promote the technology as a economically transformative. Last week the UK chancellor also launched a drive to get millions more Britons using AI

McLaren and Lando Norris aim to put horror start behind them at Japanese Grand Prix

McLaren’s intent is clear as they enter the Japanese Grand Prix after a trying opening to the season: the only way is up. Suzuka’s singular and spectacular test will form another part of the team’s learning curve of the new regulations, with optimism that the defending champion Lando Norris’s title and the team’s constructors’ championship are still within reach.After Mercedes dominated the opening two rounds, McLaren found themselves third fastest but well behind Ferrari and as much as half a second off the pace. They were honest in acknowledging they had work to do on the aerodynamic side of the chassis and on understanding how best to exploit their new engines under the power management rules that are now a key part of performance.Moreover, with both cars failing to even make the start at the last round in China after two separate electrical issues with their battery units, there is no little impetus to at least put in a full race distance in order to better get to grips with their cars

RFU stops short of delivering full backing for Borthwick but denies Farrell talks

The Rugby Football Union chief executive, Bill Sweeney, has provided another strong indication that the head coach Steve Borthwick will lead England in this summer’s Nations Championship fixtures pending the outcome of a formal review into their disappointing Six Nations campaign.While Sweeney declined to state definitively that Borthwick will be in charge for a difficult run of Test matches against South Africa, Fiji and Argentina in July he said the RFU’s main focus in the review is providing additional support to the existing coaching team, as well as revealing that there have been no approaches made to Andy Farrell, the Ireland head coach whose contract expires after the 2027 World Cup.Sweeney’s frankness on Farrell could return to haunt him given the uncertainty over the British and Irish Lions coach’s long-term plans, and remaining doubts over Borthwick’s future beyond this summer.Farrell has a chequered history with the RFU, serving as England defence coach under Stuart Lancaster before the entire staff were sacked after they were eliminated at the pool stage of the home 2015 World Cup. He subsequently rejected an offer to join Eddie Jones’ backroom team three years later after failing to receive assurances that he would replace the Australian as head coach after the 2019 World Cup